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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 
Three Warehouses to be Developed in St. Louis Under Qualified Opportunity Zone

Plymouth REIT Checks Off the Boxes with Southwest Suburbs Buy

Plymouth Industrial REIT has acquired a multi-tenant Class B industrial building for $5 million in cash. The 73,785-square-foot 44 Tower Rd. in Burr Ridge, IL is leased to World PAC, a subsidiary of Advance Auto Parts, and Hydra Stop, one of the world’s largest insertion valve and line-stop manufacturers.

“In markets such as Chicago, we are very focused on selectively extending our presence with well-tenanted properties in strong locations with highly-skilled labor, stable cash flows and the ability to create value through leasing,” said Pendleton White Jr., the REIT’s president and CIO. “44 Tower Rd. fits the bill with two strong tenants and a favorable tax abatement that provides a competitive advantage for future leasing.”

He added that the Southwest submarket, where 44 Tower Rd. is located, “has also experienced more absorption than any other Chicago submarket, and is very mature with little available land for new development.”


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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